r private enterprise. The same financial
acumen and skill in management which has enabled him to control rings
and trusts in the past would ensure him a place at the head of
nationalized industries, which in effect would be nothing but gigantic
trusts nominally under State control but really, like all State
enterprises, in the hands of a few men. Under Socialism the position of
these trusts would be rendered impregnable. For whilst under the present
system any individual or group may set out to break a trust, no such
competition would be possible in a State where private enterprise had
been made illegal. The men in control of nationalized industries would
therefore be able to exercise absolute authority both over the worker
and the consumer. Further, if the worker can be persuaded to accept the
ultimate scheme of Communism, which is compulsory labour in return for
no monetary remuneration, but merely a daily ration of food and the
other necessaries of life whenever State officials decide that he
requires them, the directors of Labour, like the overseers in a slave
plantation, will be able, as in Russia, to impose any conditions they
please.

The Jews may well hope to occupy these posts, not only because of their
aptitude for organization on so large a scale, but because their
international relations would facilitate the sale or barter of goods
between countries. The cohesion which exists amongst them would speedily
lead to the monopolization of all the higher posts by members of their
race.

It is idle to dismiss such a possibility as a chimera. This is what
happened in Russia and is happening in Germany to-day. Here, then, we
may find perhaps the inner meaning of a remark attributed to a
prominent member of the Labour Party, that under Socialism a certain
well-known Jewish capitalist might well be worth L10,000 a year. Lenin
expressed much the same idea when he said that the Russian Soviet
Republic might require a thousand first-class specialists "to direct the
work of the people," and that "these greatest 'stars' must be paid
25,000 roubles each," or even four times that sum, supposing it were
necessary to employ foreign specialists for the purpose.[851]

But the Jewish capitalists doubtless see further that in England, as in
Russia, this condition of things would be merely a temporary phase, and
that the institution of Socialism by dispossessing the present Gentile
owners of wealth and property would pave the way